The National Association of Realtors (NAR) has revealed that it takes longer than six years to save for a down payment than it does in many parts of the country. The NAR used Home Mortgage Disclosure Act (HMDA) data from over 180 housing markets in the US to create more tailored information about down payments. The analysis found that sections of the industrial Midwest could save the fastest at just two or three years. However, the most expensive market is San Jose, where average homebuyers make large down payments due to high home costs and high mortgage costs.